# MONEY.NET SECURITIES LLC X-17A-5 (2026-03-31) — Broker-dealer annual report - Company: MONEY.NET SECURITIES LLC - Form: X-17A-5 - Filed: 2026-03-31 - Period: 2025-12-31 - Accession: 0001896833-26-000006 - CIK: 1896833 - File #: 8-70836 - Type: Broker-dealer - Material weakness: No - Auditor: LMHS, PC - Auditor location: Norwell, MA - Contact: Marlon Bevaun - Phone: 718-473-2753 - Email: erin.baskett@sqn-global.com - Website: sqn-global.com - Signed by: Erin Baskett (Principal) Original filing: https://www.sec.gov/Archives/edgar/data/1896833/000189683326000006/moneynetpublic12312025.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 # ANNUAL REPORTS FORM X-17A-5 PART III OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 SEC FILE NUMBER 8-70836 | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | | | | |--------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------|---------|--------------------------------------------|-----------------------------|--|--| | AND ENDINGVG 12/31/25
01/01/25 | | | | | | | | FILING FOR THE PERIOD BEGINNING | MM/DD/YY | | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | | | NAME OF FIRM: MONEY.NET SECURITIES LLC | | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer ☐ Security-based swap dealer
Check here if respondent is also an OTC derivatives dealer | | | Major security-based swap participant | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | | 115 SEACORD RD | | | | | | | | (No. and Street) | | | | | | | | NEW ROCHELLE | | NY | | 10804 | | | | (City) | | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | Erin Baskett | 636-675-3746 | | | erin.baskett@sqn-global.com | | | | (Name) | (Area Code - Telephone Number) | | | (Email Address) | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
LMHS, P.С. | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | | | 80 Washington Street, Building S Norwell | | | MA | 02061 | | | | (Address) | (City) | | (State) | (Zip Code) | | | | 02/24/2009 | | | 3373 | | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | | * Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public | FOR OFFICIAL USE ONLY | | | | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ - - - - - - - - - - - - - - - - - - - - - - - - - - - {2}------------------------------------------------ **Money.Net Securities LLC F/K/A Tulipshare Securities, LLC Financial Statements and Supplemental Information** **For the Year Ended December 31, 2025** {3}------------------------------------------------ ## **Money.Net Securities LLC F/K/A Tulipshare Securities, LLC Financial Statements** ## **For the Year Ended December 31, 2025 Table of Contents** | Report of
Independent Registered Public
Accounting Firm | | |---------------------------------------------------------------|-----| | Financial Statements | | | Statement of Financial Condition | 2 | | Notes to Financial Statements | 3-6 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### *Report of Independent Registered Public Accounting Firm* To the Member Money.Net Securities LLC F/K/A Tulipshare Securities, LLC New Rochelle, New York #### *Opinion on the Financial Statements* We have audited the accompanying statement of financial condition of Money.Net Securities LLC F/K/A Tulipshare Securities, LLC, as of December 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Money.Net Securities LLC F/K/A Tulipshare Securities, LLC as of December 31, 2025, in conformity with accounting principles generally accepted in the United States of America. #### *Basis for Opinion* These financial statements are the responsibility of the entity's management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to Money.Net Securities LLC F/K/A Tulipshare Securities, LLC in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. LMHS, P.C. We have served as the Money.Net Securities LLC F/K/A Tulipshare Securities, LLC's auditor since 2023. Norwell, Massachusetts March 20, 2026 ![](_page_4_Picture_12.jpeg) {5}------------------------------------------------ ## **ASSETS** | Cash | \$
303,094 | |----------------------------------------------------|---------------| | Due from Affiliate | 70,836 | | Prepaid expenses and other assets | 18,399 | | Total assets | \$
392,329 | | LIABILITIES AND
MEMBER'S EQUITY
Liabilities: | | | Accrued expenses | \$
14,829 | | Total Liabilities | 14,829 | | | | | Member's equity | 377,500 | | Total Liabilities and Member's Equity | \$
392,329 | {6}------------------------------------------------ ## NOTE 1—SUMMARY OF ACCOUNTING POLICIES The accounting principles followed by Money.Net Securities LLC F/K/A Tulipshare Securities, LLC ("Company") and the methods of applying those principles that materially affect the determination of its financial position, results of operations and cash flows are summarized as follows: ### Organization The Company is based in New Rochelle, NY, and has adopted a year end calendar. On September,26, 2025 the Company changed its name from Tulipshare Securities LLC to Money.Net Securities LLC. ### Description of Business The Company is a broker and dealer in securities and is registered with the Securities and Exchange Commission ("SEC"). The Company is a member of the Financial Industry Regulatory Authority, Inc. ("FINRA") and operates under SEC Rule 15c3-3(k)(2)(ii) that provides an exemption because of limited business. The Company is permitted to engage in the following types of business: Broker retailing corporate equity securities over-thecounter; non-exchange member effecting transactions in listed securities through exchange member; and broker that offers or engages in on-line trading/ electronic trading. #### Basis of Accounting The financial statements of the Company have been prepared on the accrual basis of accounting and accordingly, reflect all significant receivables, payables and other liabilities. ## Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less to be cash equivalents. ## Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company's cash and cash equivalents are held at high credit quality financial institutions at which deposits are insured up to \$250,000 per account by the Federal Deposit Insurance Corporation ("FDIC") or in money market savings accounts. #### Fair Value of Financial Instruments Financial instruments that are subject to fair value disclosure requirements are carried in the financial statements at amounts that approximate fair value and include cash and cash equivalents. Fair values are based upon quoted market prices and assumptions concerning the amount and timing of estimated future cash flows and assumed discount rates reflecting varying degrees of perceived risk. #### Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America require management to make estimates and assumptions that affect the reported {7}------------------------------------------------ #### NOTE 1—SUMMARY OF ACCOUNTING POLICIES, (CONT.) amount of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenue and expense during the reporting period. Actual results could differ from management estimates. ### Income Taxes The Company files as a single member Limited Liability Company. Consequently, net income or loss, in general, is apportioned to the Parent and reported in its tax returns. Generally, the Company is subject to income tax examinations by major taxing authorities during the three-year period prior to the period covered by these financial statements. Deferred income taxes are provided for temporary differences between the financial statements and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future, based on enacted tax law and rates applicable to the periods in which differences arise. No provisions have been made for deferred taxes or for such differences due to insignificance. ### Revenue Recognition The Company adheres to the provisions of FASB ASC Topic 606, Revenue from Contracts with Customers ("ASC Topic 606"). The revenue recognition guidance requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance requires an entity to follow a five-step model to (a) identify the contract(s) with a customer, (b) identify the performance obligations in the contract, (c) determine the transaction price, (d) allocate the transaction price to the performance obligations in the contract, and (e) recognize revenue when (or as) the entity satisfies a performance obligation. In determining the transaction price, an entity may include variable consideration only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized would not occur when the uncertainty associated with the variable consideration is resolved. The Company applied the modified retrospective method of adoption which resulted in no adjustment as of January 1, 2025. The revenue recognition guidance does not apply to revenue associated with financial instruments, interest income and expense, leasing and insurance contracts. ### Commission Income The Company is a non-carrying broker dealer that expects to receive commission income generated from executing securities on behalf of its customers. The Company is the legal counterparty responsible for executing and settling all trades (although a clearing firm is involved in the settlement process) and its customers have no direct relationship with the clearing firm. The Company ultimately sets the price for commission charged and is principal in the scope of ASU 2016-08 and records commissions on a gross basis. The commissions are charged to customers on the trade date at the point of execution by the Company. The Company buys and sells securities on behalf of its customers. Each time a customer enters into a buy or sell transaction, the Company charges a commission. Commission and related expenses are recorded on a trade date (the date that the Company fills the trade order by finding and contracting with a counterparty and confirms the trade with the customer). The Company believes that the performance obligation is satisfied on the trade date underlying financial instrument is identified, the pricing is agreed upon, and the risk and rewards of ownership have been transferred to/from the customer. {8}------------------------------------------------ ## NOTE 2—NET CAPITAL REQUIREMENTS The Company's minimum net capital requirement under Rule 15c3-1 of the Securities and Exchange Commission is the greater of 6 2/3 percent of aggregate indebtedness (\$989 at December 31, 2025), or \$5,000 whichever is greater. The Company operates pursuant to the (k)(2)(ii) exemption under SEC Rule 15c3-3 and does not hold customer funds or securities. The Company is, therefore, exempt from the reserve formula calculations and possession or control computations. At December 31, 2025, the net capital as computed was \$288,265. Consequently, the Company had excess net capital of \$283,265. At December 31, 2025, the ratio of aggregate indebtedness to net capital was .0514 to 1, versus an allowable percentage of 1500 percent. ## NOTE 3—RELATED PARTY TRANSACTIONS The Company does not have an expense agreement with any affiliates, and currently operates in a manner in which its direct operating expenses are recorded by the Company, a practice that shall continue going forward. ## NOTE 4—POSSESSION OR CONTROL REQUIREMENTS The Company does not have any possession or control of customer funds or securities. There were no material inadequacies in the procedures followed in adhering to the exemption provisions of SEC Rule 15c3-3(k)(2)(ii). ## NOTE 5—SIPC RECONCILIATION SEC Rule 17a-5(e)(4) requires a registered broker-dealer to file a supplemental report which includes procedures related to the broker-dealer's SIPC annual general assessment reconciliation or exclusion from membership forms. In circumstances where the broker-dealer reports \$500,000 or less in gross revenues, they are not required to file the supplemental SIPC report. The Company is exempt from the filing requirement at December 31, 2025. #### NOTE 6—COMMITMENTS AND CONTINGENCIES The Company does not have any commitments, guarantees, or contingencies, including arbitration or other litigation claims that may result in a loss or a future obligation. The Company is not aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. ## NOTE 7 —COMPANY CONDITIONS The Company had losses for the current calendar year and prior. The Company's member/owner has represented that he intends to continue making capital contributions, as needed, to ensure the Company's continuing operations. The owner has the financial wherewithal to continue contributing, as required. Management expects the Company to continue as a going concern and the accompanying financial statements have been prepared on a going concern basis without adjustments for realization in the event the company ceases to continue as a going concern. {9}------------------------------------------------ #### NOTE 8 —REPORTABE SEGMENTS The Company is primarily engaged in retailing corporate equity securities over-the-counter; non-exchange member effecting transactions in listed securities through exchange member; and broker that offers or engages in on-line trading/ electronic trading. The Company has identified its Chief Executive Officer as the chief operating decision makers ("CODM's"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. Additionally, the CODM's use excess net capital (see Note 2), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM's manage the business activities using information of the Company as a whole. The accounting policies used to measure profit and loss of the segment are the same as those described in the summary of significant accounting policies. #### NOTE 9—SUBSEQUENT EVENTS The Company has evaluated the events and transactions that occurred from January 1, 2026 through March 20, 2026, the date that the financial statements were available to be issued. No material events or transactions occurred during this period that would render these financial statements to be misleading. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.